Schools of Though in Classical Liberalism Part 4: The Austrian School
When people refer to the Austrian School, they are usually referring to the ideas of two economists: Ludwig von Mises and Friedrich Hayek.
What did these prominent economists’ believe in regards to the proper role of government in society? The economists’ agreed that governments should be limited due to their inherent lack of knowledge and ability to centrally plan societies effectively. But they arrived at these conclusions by different means.
Learn more about the Austrian School in part 3 of our NEW video series!
Click here to see the series in its entirety! http://www.learnliberty.org/content/schools-thought-classical-liberalism